[0:02] Good afternoon. Uh June 18th, 2026
[0:06] special special board member
[0:09] meeting at the Magna Water District 8885
[0:13] West 3500 South. Like to call this
[0:16] meeting to order. Here today is Jeff
[0:18] White, Mick Sudbury, Danny Stewart, Le
[0:20] Fitzgerald, and Clint Dilly. Um I'd like
[0:24] to welcome public and guests. Do we have
[0:26] any public comment?
[0:29] See no public comment. So, anybody have
[0:31] a conflict of the interest on the agenda
[0:33] with the board?
[0:35] See nothing. Um, a discussion and
[0:40] possibly motion to approve the following
[0:41] administration items. Revolution debt
[0:44] resolution 26-03 adjusting revenues
[0:47] budget in the district 2026 budget.
[0:52] Uh, do we can I read both of them or
[0:55] just do we do and then resolution 2020
[0:58] 2026-4
[0:59] adopting the district final uh 2026 tax
[1:03] rate.
[1:05] >> Mr. Chair, if you want me to go through
[1:07] the bottom on the budgeted one, numbers
[1:11] one, two, and three. I can do that and
[1:12] then you can just do a so move.
[1:14] >> Okay, cool. That'll work.
[1:16] >> Um, so certified tax rate came in and in
[1:19] order for our budget to match
[1:21] the form TC or PT it's called now 693
[1:27] we have to adjust our budget and overall
[1:29] if we adjusted it
[1:32] bottom line we'd have to have a budget
[1:33] hearing we're not we're not adjusting it
[1:36] to change our bottom line we're just
[1:38] reclassifying the revenue so basically
[1:41] um the taxes that came in were going to
[1:45] be an overall in decrease of 75,421
[1:49] so for the water number One, the
[1:51] projected revenues from property taxes
[1:53] for the water system are hereby
[1:55] decreased by 39,599
[1:58] to 1,419766.
[2:02] And the revenues projected from water
[2:04] sales revenue are hereby increased by a
[2:06] corresponding amount of 39,599
[2:09] making the total water sales 5,539559.
[2:15] Number two, kind of the same thing
[2:17] except for it's the sewer department. Um
[2:19] the property taxes at the sewer
[2:21] department are decreased by 31,276.
[2:26] Um and it would make the taxes 1,456261.
[2:32] And the projected revenues from sewer
[2:34] cells are increased by a corresponding
[2:37] amount of 31,276
[2:39] to make the sewer cells 6,31,276.
[2:45] That should shouldn't that uh be
[2:48] decreased as well?
[2:51] >> Decrease to the tax, increase to the
[2:53] sales.
[2:54] >> Okay.
[2:56] >> Um so for secondary system, same
[2:59] situation. Um the property tax for
[3:03] secondary system will be decreased by
[3:06] 4546
[3:08] making the total budgeted 476,678.
[3:14] And the revenues projected for secondary
[3:16] water cells increased by a corresponding
[3:19] amount of 4546
[3:21] making the total of uh secondary water
[3:24] cells 754,546.
[3:32] » So no increase no change to
[3:35] >> no net. Yeah.
[3:36] >> Um
[3:37] >> continue without any increase to
[3:40] property taxes. I think it's the ninth
[3:43] year, eighth or ninth year without a
[3:45] property tax increase.
[3:46] >> That's good
[3:47] >> for the district, which I think is good.
[3:51] >> Yeah, I agree.
[3:52] >> Very good.
[3:53] >> So, let's make a
[3:55] >> so move. You could you could just go so
[3:57] move on it. Can't can he just say so
[3:58] move
[3:59] >> cuz she's read it out. So, all you have
[4:01] to do is say
[4:01] >> move.
[4:02] >> Okay. So, move. So moved to uh accept
[4:07] the
[4:08] change in accordance with UCA 17B1622.
[4:15] >> I'm going to second that.
[4:16] >> A motion second. All in favor? I
[4:18] >> I
[4:20] >> Okay.
[4:26] The next um resolution is to set the
[4:29] district's um final 2026 tax rate.
[4:34] So what came in for the uh
[4:38] p water purification and sewer disposal
[4:41] is
[4:43] sorry
[4:45] 1,458,991
[4:50] for O andM and then the projected debt
[4:53] service was 1,893714,000
[5:00] the tax rate for the 1 at 1,ion458 what
[5:05] we call the certified tax rate came in
[5:07] at 0.00505.
[5:11] » Yeah.
[5:11] >> And to get the debt service revenue we
[5:14] need to make the payments the tax rate
[5:16] came in at 0.00655.
[5:21] And adding those two together would make
[5:23] the district's total tax rate for 2026
[5:28] be 0.001160.
[5:38] So, we make a motion on
[5:45] >> I just go right here
[5:46] >> now. Therefore, result.
[5:48] >> Yeah. Be the future RI, right?
[5:50] >> I'm sorry.
[5:51] >> We're right here to um Yeah. Yeah. So,
[5:55] >> now therefore the board,
[5:56] >> Mr. Chairman now therefore be a result
[5:59] or the trustees of Magna Water District
[6:01] in the district's final 2026 tax rate
[6:04] for water purification sewer disposal
[6:07] shall be as hereby is 0.0000505
[6:12] that the district's final 2026 tax rate
[6:15] for depth service of interest and
[6:17] syncing funds shall be and hereby is
[6:20] 0655.
[6:23] Be it further resolved by the district's
[6:26] board of trustees, the district's total
[6:27] combined final 2026 tax rate be and
[6:31] hereby is 01160.
[6:36] >> I'll second a motion second.
[6:38] >> All in favor? I
[6:40] >> I
[6:41] >> thank you.
[6:41] >> Okay.
[6:43] >> These reports in the backup will be
[6:45] filed. They're due on Monday. So get
[6:48] them in this afternoon or Monday
[6:50] morning.
[6:52] That's all I have.
[6:56] » Anybody else have anything they want to
[6:58] bring up?
[7:00] >> Well, it looks good.
[7:03] >> Glad we didn't have.
[7:06] >> Excellent.
[7:07] >> So, you want to make a motion to
[7:09] adjurnn?
[7:10] >> I'll make a motion to adjurnn.
[7:13] >> I second it.
[7:14] >> In motion, second. All in favor? I.
[7:17] >> And it is 307.